@Anonymous wrote:
@taxi818 wrote:Goals have been met in credit now what? wow. work on savings as an emergency plan? thats what im doing.
That is what I am doing, too! A good feeling, isn't it?
Me too! I opened a Barclays Online Savings account and moved a bunch of funds in it, and it is now sitting idly collecting interest. Its interest rate is very high (1%) so I get about $18/month just in interest!!
@UncleB wrote:
@Anonymous wrote:This is a great post OP.
I won't meet my credit card goals until mid year 2016, but I can speak from the stand point of someone who has met many many of my other goals in life. I can tell you the real issues begain when I failed to creat a true maintenance plan. Have you done that, yet? I mean a measurable goal that is written down. Perhapse that is a change in fico scores, perhapse it's as others have suggested raising your amex CL or keeping your limits below 9 percent for a year. Anyway just a suggestion for the next step, but also wanted to say bravo and congratulations.
You're exactly right... "getting there" means very little if you're unable to maintain it. I've actually "been there" before as well, and 'life happened' and my plans got derailed. Thankfully I've been able to claw my way back, but I'm using the lessons learned to make sure that never happens again... and there were definitely many lessons learned!
I think the toughest lesson for me was to remember to always put on my own life preserver first before helping someone else with theirs... both literally and figuratively. You're much more useful to someone financially if you're stable yourself, and it does little good to help others if you end up drowning with them (or instead of them). In real-life it's really tough to do that, but in the end it's better off not only for you, but for the other(s) as well.
If I had to pick one piece of advice to pass on, it would be this... if you want to help someone, give them money, never lend it. If they are able to pay you back, consider it 'gravy' or a 'bonus', and if they can't/don't ever pay you back it was a gift anyway, so there's no financial harm and no hurt feelings. If you can't afford to never be repaid, you can't afford to "loan" the money to begin with.
Sound advice.
@Anonymous wrote:
@Anonymous wrote:
@taxi818 wrote:Goals have been met in credit now what? wow. work on savings as an emergency plan? thats what im doing.
That is what I am doing, too! A good feeling, isn't it?
Me too! I opened a Barclays Online Savings account and moved a bunch of funds in it, and it is now sitting idly collecting interest. Its interest rate is very high (1%) so I get about $18/month just in interest!!
Good for you! I was looking into this account the other day, but I got sidetracked and forgot about it until now. Thanks for the reminder.
@beautifulblaquepearl wrote:
@Anonymous wrote:
@Anonymous wrote:
@taxi818 wrote:Goals have been met in credit now what? wow. work on savings as an emergency plan? thats what im doing.
That is what I am doing, too! A good feeling, isn't it?
Me too! I opened a Barclays Online Savings account and moved a bunch of funds in it, and it is now sitting idly collecting interest. Its interest rate is very high (1%) so I get about $18/month just in interest!!
Good for you! I was looking into this account the other day, but I got sidetracked and forgot about it until now. Thanks for the reminder.
You're welcome. I would strongly recommend it to anyone who is looking for a fee-free, high interest savings account. I'm just going to park my safety net there and let the $$ collect.
@Anonymous wrote:
@beautifulblaquepearl wrote:
@Anonymous wrote:
@Anonymous wrote:
@taxi818 wrote:Goals have been met in credit now what? wow. work on savings as an emergency plan? thats what im doing.
That is what I am doing, too! A good feeling, isn't it?
Me too! I opened a Barclays Online Savings account and moved a bunch of funds in it, and it is now sitting idly collecting interest. Its interest rate is very high (1%) so I get about $18/month just in interest!!
Good for you! I was looking into this account the other day, but I got sidetracked and forgot about it until now. Thanks for the reminder.
You're welcome. I would strongly recommend it to anyone who is looking for a fee-free, high interest savings account. I'm just going to park my safety net there and let the $$ collect.
I totally agree with you!
@Anonymous wrote:
@beautifulblaquepearl wrote:
@Anonymous wrote:
@Anonymous wrote:
@taxi818 wrote:Goals have been met in credit now what? wow. work on savings as an emergency plan? thats what im doing.
That is what I am doing, too! A good feeling, isn't it?
Me too! I opened a Barclays Online Savings account and moved a bunch of funds in it, and it is now sitting idly collecting interest. Its interest rate is very high (1%) so I get about $18/month just in interest!!
Good for you! I was looking into this account the other day, but I got sidetracked and forgot about it until now. Thanks for the reminder.
You're welcome. I would strongly recommend it to anyone who is looking for a fee-free, high interest savings account. I'm just going to park my safety net there and let the $$ collect.
Doing the same with Alliant. Same interest rate, and even leave some in checking for more fluidity.
@Anonymous wrote:Congrats UncleB for meeting your goals!
I would say instead of opening other store cards for padding in the future, you would take a HP for care credit instead...and keep asking for CLIs with lowes. Funny how we both kind of unintentionally apped for credit union cards. I think it was a wise decision.
I will say that for those conversing about savings accounts, that NetSpend Premier seems to be the best bet as it has a 5% APY, and it is fairly easy to circumvent any fees. Downside is you must have one card for each $5k you have in savings. Have you thought about extreme couponing, slick deals, etc as an alternative to focus on? Would always be willing to provide any member with info and resources on how to get started.
I am glad you are going to continue to participate here. It has always been a pleasure reading your comments, they're always FSR, polite, and even humbling.
THANK YOU UNCLE B!
As always, thanks so much for your kind words! 
I'm thrilled that this thread has spurred conversation about savings accounts options... like I've mentioned before, there's truly a wealth of knowledge on the forums! Thanks for reminding us about NetSpend... I'm not quite to the point of opening another savings account just yet, but when the time is right that will be one of my first stops.
I coupon whenever possible, and for the moment I'm concentrating on building my silver stack. Prices have dipped, making this an opportune time to throw a few more ounces in the box.
Working on Lowe's and Care Credit are both excellent suggestions. In January I'll be able to "hit the button" on Lowe's and Belk again, and at some point I might take a HP for Care Credit. I'm actually putting a hefty size charge on Care Credit tomorrow AM... I'm getting the screw put in my jaw for an implant (fun times...). Even though I'm getting it done at an excellent price, I still wouldn't be able to do it without the 24 months deferred interest offered by Care Credit. I've said on here many times... there's tons of value in Synchrony cards if you simply avoid their high APR!
Again, thank you (as always) for your valuable input, kind words, and encouragement!
@UncleB wrote:
@Anonymous wrote:Congrats UncleB for meeting your goals!
I would say instead of opening other store cards for padding in the future, you would take a HP for care credit instead...and keep asking for CLIs with lowes. Funny how we both kind of unintentionally apped for credit union cards. I think it was a wise decision.
I will say that for those conversing about savings accounts, that NetSpend Premier seems to be the best bet as it has a 5% APY, and it is fairly easy to circumvent any fees. Downside is you must have one card for each $5k you have in savings. Have you thought about extreme couponing, slick deals, etc as an alternative to focus on? Would always be willing to provide any member with info and resources on how to get started.
I am glad you are going to continue to participate here. It has always been a pleasure reading your comments, they're always FSR, polite, and even humbling.
THANK YOU UNCLE B!
As always, thanks so much for your kind words!
I'm thrilled that this thread has spurred conversation about savings accounts options... like I've mentioned before, there's truly a wealth of knowledge on the forums! Thanks for reminding us about NetSpend... I'm not quite to the point of opening another savings account just yet, but when the time is right that will be one of my first stops.
I coupon whenever possible, and for the moment I'm concentrating on building my silver stack. Prices have dipped, making this an opportune time to throw a few more ounces in the box.
Working on Lowe's and Care Credit are both excellent suggestions. In January I'll be able to "hit the button" on Lowe's and Belk again, and at some point I might take a HP for Care Credit. I'm actually putting a hefty size charge on Care Credit tomorrow AM... I'm getting the screw put in my jaw for an implant (fun times...). Even though I'm getting it done at an excellent price, I still wouldn't be able to do it without the 24 months deferred interest offered by Care Credit. I've said on here many times... there's tons of value in Synchrony cards if you simply avoid their high APR!
Again, thank you (as always) for your valuable input, kind words, and encouragement!
This has been a great thread to read. Thank you so much for posting it.